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What is graduation?

When your token’s bonding curve sells out (all tokens have been bought from the curve), the token graduates. That means:
  1. PumpSwap pool — A liquidity pool is created on PumpSwap (a DEX on Solana). The SOL that was in the bonding curve (minus a graduation fee paid to the protocol) becomes the liquidity for that pool.
  2. No more duels — The token leaves the duel system forever. It’s no longer on a bonding curve and no longer enters new duels. It trades like a normal token on PumpSwap.
  3. Bonding curve closed — The curve is marked complete; buy/sell on Apyx for that token stops. All future trading happens on PumpSwap.
So: graduation = bonding curve sold out → PumpSwap pool created → token escapes duels and trades on the DEX. For the graduation fee and all other fees, see the Fees page.

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Why it matters

  • If you’re holding a token that graduates — You keep your tokens; they’re now tradeable on PumpSwap instead of on the Apyx curve. No more duels, no more mercy mechanics for that token.
  • If you’re a creator — A successful token that sells out the curve graduates and “graduates” out of the launchpad; it’s a natural endpoint for a token that has found real demand.